Fall’s arrival brings fresh energy—and crucial updates—for Philadelphia’s housing scene. From expanded tax relief to reviving rental assistance, plus ambitious new construction shaping the skyline, this issue surfaces everything you need to stay ahead—and stay grounded—in your Philadelphia home goals.
🏡 Low-Income Property Tax Freeze Extended to September 30
Good news for Philadelphia’s homeowners: The deadline to enroll in the Low-Income Property Tax Freeze has been extended through September 30. Eligible individuals (single: ≤ $33,500 household income; married: ≤ $41,500) can lock in last year’s property tax amount and potentially receive a refund—plus it can be combined with the Homestead Exemption.
Why it’s important for homeowners:
- Protect your home from rising assessments and reassessment-driven tax increases.
- Especially valuable for long-time residents in gentrifying neighborhoods—helping you stay rooted and maintain equity.
👩🏫 PHDC Housing Fair Returns This Month
Mark your calendar: Philadelphia’s Annual Housing Fair, hosted by the PHDC, is back this September. It’s the ideal event for landlords, renters, and homeowners alike. Connect with city agencies, contractors, and explore beneficial programs—like the Rental Improvement Fund, which provides forgivable loans for property repairs in exchange for maintaining affordable rents.
Why it matters for your clients:
- Landlords can enhance rental appeal affordably, supporting habitability while keeping units accessible.
- Buyers and sellers can tap into trusted city resources to bolster property value and market readiness.
🏙️ Major Developments Reshaping Philly’s Skyline
- 17 Market West is set to debut this year—an 18-story adaptive reuse converting an office tower into 299 luxury apartments with stellar amenities like a rooftop pool, golf simulator, and cabanas.
- On the horizon: the New South Philadelphia Arena, destined to become home to the 76ers, Flyers, Wings, and a WNBA expansion team. Planned for the South Philly Sports Complex, this future landmark signals long-term investment and potential real estate ripple effects.
Why sellers and investors should watch:
- New high-end developments attract renters and buyers seeking lifestyle-rich, transit-accessible living.
- Proximity to such projects can drive value appreciation and attract premium interest—timing your sale or leasing strategy matters.
💕 Why Shqiponja Likaj Realty Is Your Go-To in Philly
- Local Advocacy: We’ll help you access tax relief and grants, maximizing long-term savings and equity retention.
- Event Intelligence: From the Housing Fair to development announcements, we turn civic happenings into strategic real estate moves.
- Future-Forward Insight: We decode how new skyline-changing developments impact neighborhood value—you stay profitable, not surprised.
- Philly-Centric Dedication: Rooted in our city, our commitment is to your best interest—today, tomorrow, always.
